Technology
Technology
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A recent partnership between Western Union Co. and Toronto, Canada-based electronic-wallet provider EnStream LP will enable Canadian consumers to send funds both domestically and internationally using their mobile phones. The companies plan to launch a pilot in Canada in December.
September 22 -
Bank of the West is planning to offer its small-business customers an ACH payment service that could make costly wire transfers unnecessary.
September 22 -
PayMate India Pvt. Ltd. has signed an agreement with Bank of Ceylon to launch mobile payment and banking services in Sri Lanka, the Mumbai-based mobile-payments provider announced last week.
September 22 -
Citing expansion in the use of its cashless vending-machine technology, USA Technologies on Sept. 21 reported $15.8 million in revenue for the fiscal year ended June 30, up 31.7% from $12 million during the previous 12-month period. The company reported an $11.6 million net loss; it reported a $13.7 million loss the previous fiscal year.
September 22 -
Citigroup Inc. has appointed Jud Linville as CEO of its Citi Cards credit card unit, replacing Paul Galant, who was named Citi’s CEO of global enterprise payments. Linville previously was president and CEO of American Express Co.’s U.S. Consumer Services operations.
September 22 -
VERNON HILLS, Ill. – Baxter CU has signed with EasCorp FCU’s Vertifi Software LLC CUSO to implement the company’s DeposZip Mobile remote deposit capture service through downloadable software applications for smartphones.
September 21 - PSO content
More consumers are using online banking bill-payment services to keep better control over their finances and to hold on to their money longer, suggest new research data from Fiserv Inc.
September 21 -
A bank in the United Arab Emirates reportedly soon plans to launch a credit card designed for use exclusively online at Jordan-based Aramex Ltd.’s Shop&Ship service.
September 21 -
High-end spenders who tightened their belts in 2009 are starting to loosen them up, as such consumers likely are behind an overall increase in credit card spending last month, suggests First Data Corp.’s August SpendTrend payment card transaction analysis of all store sales activity that First Data processes.
September 21 -
Bling Nation Ltd. soon will tap in to VeriFone Systems Inc.’s vast reseller network to extend point-of sale acceptance of Bling’s rewards-based contactless BlingTags, the companies announced Sept. 21. The deal also will help extend acceptance of PayPal, traditionally an online payment service, to brick-and-mortar retailers nationally.
September 21 -
EL PASO, Texas – El Paso Employees FCU has begun using DocuSign’s electronic signature solution to accelerate its new member and loan process.
September 20 -
PALO ALTO, Calif. – Addison Avenue FCU said yesterday it has signed with EasCorp FCU’s Vertifi Software LLC CUSO to implement the company’s DeposZip Mobile remote deposit capture service through downloadable software applications for smartphones.
September 20 -
The Apple iPad is being hyped as the future of computing.
September 20 -
Kenya Commercial Bank Ltd. earlier this month rolled out an online-payment service to bolster inbound tourism to the country, an official from the Nairobi-based bank tells PaymentsSource.
September 20 -
China's largest mobile-network operator China Mobile is suspending its project involving an RFID-SIM, a mobile-payment technology based on the 2.4GHz standard for contactless payment, local media in China reported last week.
September 20 -
In what will be a landmark event for the heavily closeted banking sector in Myanmar, a private bank in that country reportedly soon will begin offering online-payment services in partnership with a government ministry.
September 20 -
SafetyPay Inc.’s recent partnership with Banco Nacional de Costa Rica will enable the bank’s customers to shop online more securely worldwide, Miami Beach, Fla.-based SafetyPay notes in a Sept. 15 announcement.
September 20 -
Mobile-payments firm RegaloCard LLC is bringing its card-based funds-transfer service to an additional 4,000 U.S. retail locations through a distribution agreement with iPayStation LLC, the companies announced Sept. 20.
September 20 -
SAN FRANCISCO-Intuit, Inc., and several credit union defendants have asked a federal court here to dismiss a patent infringement suit brought by MShift over its mobile banking technology, saying the company's patent is outmoded and not pertinent to their technology.
September 20 -
SunTrust Banks Inc. says a system designed to make online purchases is also driving up the use of its online bill-pay service.
September 20


